IBERSOL | Integrated Management Report 2022

INTEGRATED MANAGEMENT REPORT 2022 In the analysis of the recoverability of deferred tax assets, the Group took into consideration the best estimates of projections of future taxable profits and the existence of taxable temporary differences against which the tax losses, tax credits and deductible temporary differences can be used. In the recoverability analysis of deferred tax assets in Spain, business plans were prepared which, considering the Spanish taxation rules and the specificities of the Group of companies, constituted the basis for the recoverability assessment. The business plans associated with the travel segment, namely airports in Spain, were made based on the effects of the application of Law 13/2021, as well as the latest traffic estimates from Eurocontrol. The business plans have been approved by management and are based on projections from external entities, such as Eurocontrol in the case of traffic, as well as being consistent with the business plans that served as the basis for the impairment analyses of the Group’s assets. 9.2.1. Deferred tax assets As at 31 December 2022 and 2021 the detail of deferred tax assets, according to the jurisdiction, is as follows: Dec/2022 Dec/2021 Deferred tax assets Spain Portugal Spain Total Tax losses carried forward 10 621 807 - 7 005 961 7 005 961 Ded. temporary differences (IFRS16) 576 596 - 744 265 744 265 Taxable temporary differences -645 937 -33 859 -1 572 089 -1 605 947 Homogenization of property, plant and equipment and intangible assets -1 140 379 -5 065 885 -677 689 -5 743 575 Other temporary differences 577 171 9 998 803 688 934 10 687 737 9 989 258 4 899 059 6 189 382 11 088 442 Deductible temporary differences (IFRS 16) Deferred taxes resulting from a temporary difference by applying IFRS16 in the Group’s consolidated accounts, not applicable in the statutory accounts of the subsidiaries in Spain and Angola. Homogenization of tangible fixed assets and intangible assets Deferred taxes corresponding to the difference between the net value of fixed assets considered in the individual financial statements of the subsidiaries and the net value they contribute in the consolidated. 469